Yo-yo yo-yo yo, what up? What up?
Good morning, Good morning GMG Monday March 4th, 44442024.
Look at that. Another beautiful day to have a
beautiful day. Yay, Whoa.
Another beautiful week to have a beautiful week.
Another week in the bull market, ladies and gentlemen.
God damn. I've been waiting for these
introductions, Oh, blood Market, for 600 fucking days in a row.
So we definitely love these mornings.
I got my clothes. That was Ovi.
You just bought an alien. How you doing?
I wish. I wish I was rich enough to buy
an alien. To spend 16 on an alien.
Congratulations on the alien by. How are you doing today?
I'm good, man. I'm good.
How are you? I'm euphoric.
Don't be for it. I feel great.
I don't know. I think we should be euphoric.
You should be happy in celebrating.
It's too easy to say Yeah, be careful and sure.
Trading is a is a game of emotions and the more in control
of your desire. I'm holding.
I ain't trading. I'm hands off.
So even if you're holding yourself to make decisions of
when you're gonna sell and what are you gonna?
Definitely. Not here.
I like to strip the emotion out of everything I do in life.
Yeah, I mean, so long as that $130.00 and Ethan is not even an
all time high, you're saying be cautious, so.
Don't be cautious. I'm just saying be calculated
and calm 2. Different.
Things. Yeah.
Fuck. Being calm, $50 million fucking
ate and punk sale dude like we were.
Come for 2 1/2 years, you're allowed to celebrate little
wins, You know what I mean? No, the 2 1/2 years you're
relaxed. I'm not saying be relaxed, I'm
saying be switched on. Yeah, yeah, we're definitely
switched the fuck on 45 eight. So Oh my God, that's it.
The bull market started ending sale.
Here we are Monday morning too. As if the weekend wasn't enough,
there it is. There it is.
Fucking someone just went and accepted a $15 million bid on an
alien. Shit is absolutely crazy.
And the craziest guys. I'm talking to the person who
bought it, so we're going to be interviewing him in a second
here My fellow Co host OV on on what it feels like to be an
alien. The 1st.
It was a Congrats on the whiffs trade it's in the on the whiff
trade for the for to to to the. Anyways Speaking of that we have
a lot to talk about today. We have a lot to talk about
today. We have a lot to cover on this
morning's show. First of all, mark your report
as usual. So crypto macro NFTS, we'll go
over everything today. We got Bitcoin doing hitting
highs in in Euro and British pounds.
We got we got Bitcoin almost hitting guys in U.S. dollars.
We're 66.2000 right now. Big pump right before the show.
You'll have to see that there's so much.
I know there's some stuff going on right now.
We're like, we're like probably as greedy as it can get.
We have blast breaking 2.6 billion TVL.
You have the ETH burn burning like crazy.
You have NF TS. I mean ordinal is another
massive weekend for that node monkey $1,000,000 sales Alien
sweeps. Fucking like everything.
Like I think the nodes are nearing one Bitcoin right now in
terms of floors. So we have that Yeah in point
18.18. Sorry.
So you have that going on. What else do we have?
We have Pepe Trump mug, bunk whiff fucking, you know you name
it dude you didn't come rock. It was pumping this weekend.
Like honestly I saw that screenshot and I was like what?
So there's all of that. You have OV fucking take it out
like millions of dollars out of whiff and riding a multi million
dollar position and posting about it like everything is
going crazy. You have dog with fucking hat in
the audience right now on the show with us.
I'm going to throw you an invite if you want to come up and hang
out on stage instead of heading out in the audience.
Fuck it, it's a bull market after all.
So we have that, what else do we got?
And we have a bunch of stuff happening this week and we're
going to cover that. So anyways, anyways, anyways,
Mandel's also on the way he's doing an interview right now.
He's on this like yo dog with hat.
Is that he on stage right now? Dude.
She's. Just whiffed when you asked him
to speak. I don't know.
What do you think? Do they just whiff, do they on
mute? No, I I think we'll just, we'll
just keep him on on on on stage though.
It's good for engagement, it's good for engagement.
And you know what, let's give some money out.
So we'll give $500. We're we're going to get
$500.00. So if you retweet the spaces, if
you retweet the Twitter spaces, at the bottom right, there's the
purple box, Follow FOMO hour, follow robe, com, our partners
that make it happen for us. We can give out a fuck ton of
money all the time on here. Make sure you follow us and
we're going to get $500 at the end of the show.
How's that for Lucky Listener? Let's listen to that.
So anyways, how about we get this party started right now?
Ovi, hold on, it's been a while. So we started with you.
So first Daily Market Report brought to you by Rogue Radio
What's the? Word.
Oh, where do we fucking start? Hey, so much shit going on.
I would say maybe macro, I don't know.
Yeah. So look, stocks had a good close
on Friday. We broke through new all time
highs, let me close 1.8% higher on the NASDAQ, So a very strong
close on Friday. Today futures are basically
unchanged. It is an important week in
macro. On Friday we have non farm
payrolls. Now payrolls and inflation have
both come in ahead of expectations for the last two to
three months and markets don't really seem to care, or rather
stocks don't really seem to care.
Interest rates have gone higher, so that's going to be a big one
on Friday. Look I think in the last 12 to
18 months crypto has lost a lot of correlation from from macro.
But now that you have the ETF, the Bitcoin ETF which is like a
hybrid crypto slash macro product, I think macro is pretty
important Like if you have a very risk off moment for stocks,
people will sell that Bitcoin ETF, you will get outflows and
then it's going to hurt crypto. So it's important to see what
happens on Friday, I don't think you know.
So even if we get another big payrolls number, it seems like
stocks continue to just shake it off.
They don't really seem to care because there are other reasons
why stocks going higher. So it's not really the end of
the world, but it's something to definitely be aware of and and
be cognizant of, especially with you know 10 year Treasury's
still you know now at like 4.2% at the beginning of the year
we're at 3.73 point 8%. So that's what we have for macro
cryptos is just, you know, Bitcoin is just very, very
strong 6666.3 K right now to start the day.
So we're up, I don't know, we're up about 5 or 6%.
I think on the day I presume because we rallied at the US
Open, I presume that means we're about to get a we're going to
get some strong info numbers today and Bitcoin dominance is
is up again 5554.5% ETH BTC is the lowest it's been for the
last three or four months. ETH is really lagging on this
move and ETH BTC is down to 0.053, having almost hit 0.06
recently. So it seems like ETH is lagging
this move a little bit. Bitcoin is up massively.
Obviously. This weekend we had a massive
massive meme coin like Manic Rally.
I think over the weekend you see the market lose focus on on
Bitcoin because you don't have the ETF stuff and so retail
people are focusing on meme coins and in the past that used
to be NFTS and and that was meme coins right for for right now
and ordinals I guess as well. So it's yeah, it's just it's
it's pretty fucking meant to what we saw in meme coins over
the weekend. It looked like Pepe hit new all
time highs is currently at about $3 billion market cap with
almost hit $2 billion market cap.
Bonk is up a lot. Bonk is up 45% today.
Like 3.5 billion right now. Yeah, I think that that I think
the market cap and Bonk is you have to calculate it a bit
differently. But it's it's up there it's high
and you had a bit of a dip you had a bit of a bit of a you know
mug hit $300 million market cap but you had a bit of a dip in
some things there's dip in mug with has been consolidating
here. So it does seem like caps is
moving around to to different things like Pepe Pepe and Trump
seem to be the two that are strong today.
Look at trump Trump as well. Yeah, Trump's up there.
Trump's what, 400 mil market cap now?
515. 5:15, Yeah, there you go. So it's interesting because you
know obviously what what where we're at now in this mimic one
cycle is people are thinking about what happened in 2021 when
ship did it's thing, when Doge did it's thing and they hit you
know 10s of billions of dollars in market cap and then you had
many many meme coins out there with billion dollar market caps.
It was just that was just the way everything was And so the
question is can we get back to that level on this cycle.
Now Doge had the whole Elon Musk stuff as as fresh information
back then which it doesn't have right now.
So that that's something to bear in mind.
But then ship didn't, but at the same time ship was maybe
manipulated by FTX and all those guys.
So we don't, we don't, we don't really know.
But there's always, I have to say like the imitation will
never go away, there's always going to be some manipulation.
So I don't know like I think the market is becoming increasingly
more acceptable of mean coins. There's more and more
sophisticated capital going into mean coins.
Now I think it's not just running retail, it's also VCs
and funds and stuff are playing them because they obviously see
the returns. And so I do think we have a
chance of getting to those levels Again.
I think we have a chance of seeing some mean coins at forty
$50 billion market caps. I think there's a chance.
This still sounds crazy to all of us right now.
So I'm not calling it as like a base case scenario, but there's
definitely a chance and one thing I do think will happen, I
do expect to happen still is that we do see stuff like, you
know, maybe the main ones, maybe like Pepe Bonk with like that
stuff I think could get to 5 to 10 range I think.
And then I think you can have a few things that are coming in
the 500 to 1 billion range. It won't last for very long.
I think it will only really last for a few weeks, maybe even a
few days. But I do think we can get a move
like that if the market holds up.
And look, Bitcoin still hasn't hit all time highs yet.
Bitcoin's at 66 K ether's well off, its all time highs.
Solar's way way off, its all time highs.
And Bitcoin dominance is just under 50%.
So, you know, I think meme coins can range around here for a bit.
They've always had a, you know, they've had a massive, massive
run in the last few days, like every day it's been up 50
percent, 50%. Like whiff has done like a 6X in
a week or something like that, right.
So these are crazy, crazy moves and I think you have to just
expect some consolidation and you know, it's not always going
to be up only. But I do think we'll see a
period in the in the cycle when, you know, maybe when Bitcoin
dominance is lower and maybe if there's an ETF approved and
they're just full on like capsule inflow and you know,
retail inflow. I do think you'll see a moment
when you know some of this stuff is at like, just insane levels
where people are just like, Oh my God, what the hell?
Yeah, that is, that is wild. I I listen, we'll see where shit
can go. But you know shit can go higher.
We've seen it go much higher. That's that's for sure when it
comes to meme coin. So I wouldn't, I wouldn't, I
wouldn't look too deep into it for people listening, right.
It's like shit goes crazy. Like it looks like maybe
Vaunca's been kind of one of the chosen ones here with going to
one point something billion this weekend is absolute madness and
still going higher. Pepe is still running even.
It's like 3 something Pepe I think, right?
He hit 3 billion. 3 point yeah, I think it's 3.2 or something.
Like that this Stage 5 doesn't even like.
It's like where do we go? Like, I personally dude, I see
Pepe hit at this stage like every time I keep revising
higher. But if if the thesis of bitcoins
going above 100K, surely you're going to see meme coins going
higher than what we saw them go last round, right?
Like. Yeah, yes, yes and no.
We don't, We just don't know. It's too much for nascent asset
class to really know how it will truly react.
But so far this year, I have to say like a lot of these meme
coins have had really strong correlation to Bitcoin.
And usually you see Bitcoin move up and memes are a little bit
like wavering a bit. And then once Bitcoin settled,
the memes rally, right. And that's what we're seeing.
And so we've had this big rally in Bitcoin this morning and kind
of we we were up this morning and then some things have kind
of just settled around here. I think maybe they're just
waiting for that Bitcoin stability.
And my expectation is that you would see, you will see the mean
coins seem to rally but you always seem to rally when like
I'm about to go to bed London time or when I wake up in the
middle of the night which usually tends to be like late
evening US time. And that's usually when the
Bitcoin price kind of chilled out a bit from like the date
from the daily activity. So I think we have, we've had a
strong day for Bitcoin today so far.
If this move holds, I think we will see meme coins have another
leg higher this afternoon. I think you have to watch out
for funding. Funding is really high right
now. It's really high in Bitcoin.
It's really, it's not that high in ETH, but it's really high
across the board. And I think there was like I
read somewhere there was an increase, there's a $1.3 billion
increase in open interest this morning.
So yeah. Swish funding map Fuck that,
Yeah. I mean like Bitcoin funding is
is 69% in finance because 54% so it's not too bad sold 80%.
There you go. It's not crazy.
Well, you know. Yeah, we've seen worse, but it's
it's up there and so it's just something to be wary of.
Like I honestly, I just think if you're holding spot, you don't
really have anything to worry about because you'll get these
dips and then when you get those dips you can add to your
positions and then you just chill.
But yeah, if you, if you have too much leverage where your
liquidation levels are maybe like 10% below the market, like
that is dangerous in my opinion like.
That's very dangerous. 10% is very dangerous.
It's like 1 little flash Wick. Yeah, it's one Wick, yeah.
You're finished, right? You get John.
Wicked. So it's And that's that's over
for you, man. Stuff is running heavy here.
I mean, there's a lot of stuff that is looking good.
We have Benny here. Benny, how you doing?
There's a rumor going around that it's.
Not a rumor. This is true.
This is not true. I'm just seeing G Funk coming on
something OV. OV OV.
Because if you if you hid this from me, I'll be OK with it.
I want you to. It won't hurt our.
Relationship. I would never.
I would never hide that for. You Did you buy the alien punk?
No, I did not. Come on OV.
Even Sergito knows he looked into your wallets, dude.
Like you can just. Why can't you?
Let's let's just do this. Hold on for OK, you're with two
friends who care and love for you.
And like 500 other individuals listening.
But it's mostly just us. But.
Just just the two of us right now.
I mean, if there was ever a historical moment in time that
we needed to say it, can you tell us what what went down and
how this happened? Oh, the whole whiff stuff.
With with buying the the alien punk.
Just run through the process. Just do it.
Tell it. Just do it.
Pair of Stranded, tell the world.
Let's go tell the world, dude. I mean you hate the flex like
it's litty counter. OK, we know who you are.
We know that you are a good person.
It's not. This is not like.
Are you guys? Are you guys?
Are you guys serious? Yes, you should.
Tell us. Tell us the truth.
I just to be clear once again, I did not buy the.
Come on mate, dude, I got every group chat of mine right now.
Literally everyone's saying OV, but I'm not even kidding.
Congrats. My phone is literally blowing up
like no the. Punk Cat is going Who?
Spread Who spread this? Is this another Wizard of Soho
rumour? That's.
No, dude Wizard, they checked the chain.
Don't you know that if you checked the chain, the chain
never lies? Dude, let me see this.
One you look, you're getting nervous.
He's getting nervous. He's putting the.
You bought a $15 million NFT. You literally bought a $15
million NFT at ten, 3:00 AM on a Monday morning on chain.
Expected people not to know. Like I don't understand like
what's the are you like? My My wife lets me get away with
lots of things. But if I spent $15 million on a
punk, I think I I was. Yeah, OK.
Your wife's watching. Hey, Hey, Wifey.
He didn't buy. Why was he watching?
Betty, Betty wife's watching. Why swatching, that's why.
Well, if it wasn't, let's see this wallet.
Let's see this wallet. What's in this wallet?
Let's go. And get it together.
You know it's yours. What's in this wallet?
Probably the creeps you can't find.
Oh yeah, like. This wallet OSF dot ETH wait.
What? Damn sprat skulls in there.
How'd that get there? You go.
Let's go look at this alien sale.
Why does it say rec guy deployers?
Exactly here, look. Let's see, hold to this wallet,
right? And if you go here, I'm sharing.
But for those of you who don't know, we are live on YouTube but
also on video. So if you go to my account, I
posted a broadcast, but also on formal hour and make sure you
reach to the tourist spaces because we give away $500 at the
end of the show. Anyways, you still have just so
you know OV you still have $1,000,000 left in your wallet
that you didn't spend. Yeah, just there.
But dude, how does it feel being an alien owner?
Like it must feel nice, no? I if I bought an alien punk, I
would not. If I was rich enough to buy an
alien punk, I presume I'd maybe have some choice.
I mean, but, you know, maybe not.
Maybe. Not you just made $30 million on
whiff. Yeah, that's like half of what
you made out of like nothing like.
You got you guys gonna get me into so, so much level.
You and Mando have been writing about how you did a bigger trade
on on Portal than Apes. So that means you've made over
$50 million. You guys made 15,000,000 on Apes
minimum. You made millions on WIF over
this weekend. You've made millions on MOG,
millions on Pepe, millions on ETH, and you're about to make
millions on blast. Like you.
You you don't want to see seven streams of income.
You have 7 multi $1,000,000 streams of income.
You had to tell me you didn't buy that alien.
You're full of shit. This is me calling you out,
stepping my foot down. Just say the world OV Did you or
did you not buy the alien? I did not and I and I have to
tweet this out change. Your PFP to the.
Alien people are people are like, texting me now.
You have to change your PFP to the alien.
That'll be pretty. That'll be.
That'll be pretty funny, you. I think honestly, but to be
fair, I think it was actually Sergito who made-up the rumor
first. I think there's something there.
Yeah, I but I feel like maybe you know what it is for a maybe
he didn't buy it by himself. Maybe.
The men, though. Maybe the new cabal and it's.
Like not invited for. Sure, right.
We were not invited. We're too poor.
We're way too poor for that. It was.
Ten of them, $1.5 million each. They all got together.
They would say, let's control the market and they wanted to
hit back, right? Because Ovi, as you know, and
Mando and whoever else is in the cabal don't own ordinals.
So now what's going to happen? Is Udi's going to strike back
and he's going to make a $15 million sale on on some Quantum
cat or puppet and then we're going to have this big battle
going back and. Forth, will we check Punk's
chat? My DMS, everyone's like,
Congrats man. Congratulations.
Congratulations, OV. You got a zombie zombie punk.
You are the alien. Congrats.
That's incredible. That's crazy that you got the
alien punk. Honestly, you're my idol.
Like from. Yeah, that's the punk, the
streets. Of DACA.
From the streets of DACA to like fucking by an alien Pong.
That's a crazy. Story it's crazy.
And it's also like he's having a child, so obviously he's going
to hand it to the child like to grow up with.
I mean, can you think about that like you're being?
The child's on the way too. What is it may so like you're
like? The Crip's doing an article now
we're just posting it. Yeah, there you go.
The Crip's that is. Insane.
Look at this even Wizard of soap.
Wizard of SOAP. Wizard of So see.
Confirmed. Confirmed by Wizard of So very
serious source here. Huge Congrats to OSF Rex on new
alien sale. Those wave pepin mock profits
gonna work like I listen confirm.
If Wizard of Soho tweeted this, then I mean, you know what?
I'm gonna be tweeted. It must be.
It must be real. Right.
If Wizard of Soho tweeted this, then you guys realize that,
like, there may be, like, a news outlet from Web Three.
Let me pick up on that. Let me make sure that the Crypt
team knows we're trolling. But oh, he's like, speechless.
He doesn't even know what to say anymore.
Oh my God, he's too. Funny.
If. He if you If you actually really
changed your PFP to the alien punk, it would it would be
funny. You should do it.
You should do it I. Just presume whoever actually
bought it would be so annoyed if someone else was laughing that
they bought it. So I just don't want to be like
laugh if that makes. Sense.
Probably somewhat serious also, but I really actually, in all
seriousness, I do think that there's a battle going on here
with ETH whales and Bitcoin whales.
Like, yeah. Yeah, yeah.
Yeah. There is, there is.
There is, that's part of the news, right.
That's part of the news. So let's let's actually, we
already talked about, let's actually go, let's actually go
there like let's talk about what happened this weekend, right.
So you saw massive sweeps on the Node Monkeys, insane volumes.
You saw two back-to-back, multi $1,000,000 swipes or three or
four of them. Someone came in, really bought
all the aliens, right, And then started putting 17 Bitcoin bids
on most of them. And then today what you see,
which by the way, the alien punk beds have been going on for a
week now, right? So that's someone that's been
trying to bid, It's the third bid I believe they put and it
finally hit what happens here, right?
There's like this ETH versus Bitcoin narrative.
Is that what you think is happening?
Benny is like a show. Of like, who has the biggest in
general, the, I think in general, the market's just going
up, right? So to me, this feels that like
2000, 2020, one that was exciting.
This really feels more like 2016 for me because 2016 was like
whenever if you just like threw a dart at a dart board and
picked a coin, you made money, like everything's going up,
right? So like the fact that
everything's going up should mean that the cycle really is
starting to bubble up and go, you know, you don't want to go
too quickly hopefully, but if it's really moving up.
But what I'm seeing is, is that it's clear that Bitcoin people
never spent money on NFTS before and they never had any money to
spend on anything because they just always had Bitcoin.
So, and I think Udi has said this a lot and I think he's
right, that if these guys start spending money on these NFTS,
then East Wales, who are very protective of, you know, NFTS,
which they should be, right, They're gonna try to start
fighting back. I mean you saw a huge $15
million article of sale. Now you're seeing a huge $15
million alien sale. I I just don't think that
they're, you know, random things that are happening.
I'm not saying there's like like an A literal war, but there's
clear, in my opinion like, hey, we're not letting this happen.
Also there was a huge squiggle sweep, like people need to
protect their assets in their bags and I totally understand
that. So like as ordinals keep
exploding, ETH NFTS can't just totally lag behind because then
they they don't want to be worthless.
At least that's the way I I I'm perceiving it.
I don't know OSF. What do you think?
Yeah, I agree. It's just it's it's an attention
game really isn't there and you see it a lot.
I mean, I noticed it a lot in shit coins because it's just
more liquid and you can just see it actively on a day-to-day
basis. And when a brand new coin comes,
it takes the liquidity away from all the other stuff.
And I think you're seeing that right now because we had a few
moments over the weekend where ETH NFTS were actually lower and
ordinals were a lot higher, which kind of shows that capital
maybe flowed from Ethereum to Bitcoin.
And they're obviously like OG. Just like how there are OG
Bitcoin people who try and create narratives for Bitcoin to
like put it back onto the map instead of losing to ETH.
And it's the same thing. They're probably OG ETH, NFT
people who are like, you know, we need to like get ETH back on
the map here because we're losing some steam.
And I I agree. I think that's just what's
happening now. It's just it's like a push and
pull between the two. And I think that you're seeing
like they're doing sales, like it's like I think the ether
people are saying, OK, that's fine, you can do PFPS.
It's funny, they're like, but we're going to buy art, you
know, like punks are art, You know, autocles are art.
I feel like it's going to be interesting to see how that all
plays out. But I guess my thought process
is that if you're just on the sidelines what makes this so
great is why these why ETH and Bitcoin keep going up and these
sales keep happening. Imagine like you're just on the
side and loose changes flying out of them, right?
So this is the opportunity for anybody who's sitting there to
be like you can make money here, right?
You don't need to make your multiples of 1000 X, you don't
need to be on their level. Even if you're doing it on the
your smaller level, there's clearly opportunities.
So don't like don't just fade, don't fade something and say I
hate that, I hate that. Watch the trend and try to get
as try to get as much as you can out of it.
Don't take too many big bets where you don't pay your rent
and all that shit, but take take some chances here.
If this is really a bull market, you don't want to miss it in my
opinion, yeah. Yeah, I agree.
Well, and with that, I mean we're also.
I mean, why It's really weird being in the same room now with
OV now that he owns the. Aliens.
It's honestly, I feel like a nobody.
Like, I honestly feel like packing it up like I man it it.
First of all, memes are God candling across the board right
now. Like, I don't know if you guys
are watching Pepe. It's at 3.4 billion with Bonk
Bonk Maga. So Trump is at 515 mil.
Bonk is at 3.75 Pepe. Just rent 3.4 Monk just fully
like was bought back up this morning.
Just now pretty much. It's it's insane.
Like what is that Dogecoin is at 17 Five lads.
It's crazy. I, I, I, I still think that soul
becomes the big winner here, I think.
That Solana and Alt are really not moving at all, that's also.
Really struggling, yeah. Soul is altar.
Altar like meme coins are pretty much the new alt here like it's
it's actually wild to see what do you guys think what do you
what's your read on guys that like that's actually wild when
you think about it like bitcoins nearly 70.
Oh my God. Bitcoins are almost 67 K boys.
And then you have Solana stuck at 1:30, you know.
What I mean I it just look again I can't it's very hard to
explain but like when you know the bull market in 2000 again
2000, 2020 one was 2019 was fun like I I was in it and made
money. But like anybody who was here in
2016 seventeen that I can't explain it but it was just
literally every single day it was up.
Like it was like it went down a little and then it was up.
It was up and it was up and you know, unfortunately call related
to that situation when we got to the end of 2017 or 18, close to
2000. Oh, sorry, beginning 2018 when
everything crashed. But it just feels like it's not
going to stop now. My PTSD scares me.
Like, I was just texting Bob Lucas and I'm just like, I feel
this is going way too fast. You know, the answer is it's
probably not. But like you, you you get that
feeling of like, OK, I need to. Pass, though, after we had the
longest technically bear market ever in terms of days.
It wasn't really long. It was still like pretty much a
four year cycle again and I think I don't it.
Was the longest bear market in terms of days like technically
speaking? Yeah.
So I mean theoretically we should go up most now.
I don't know if any of that ever makes any sense.
All I know is that trends, when things start moving, they move.
And if, if, if, if they're going to go and trends are going, then
you just stick to that trend. And as hard as that is like you,
you should take profit. But like it, there's a world
where BTC just keeps running and and so and so do meme coins, and
so do organs. Yo movie, you made a call on the
show before buying the alien punk.
You said that Bitcoin will hit 100K by Anna Q1.
We're March 4th, dude, and when you said it was like 40?
I just, I didn't say H1, I said Q1 if you see $500 million a day
clipped at. Six we.
Have to be fair, we haven't been far off that so.
Sims, whatever, Sims Clipped said Q1 And let me tell you I I
did. You are literally so much closer
to that right now. It was Q1 if the inflows kept
up, you said Q1 if the inflows were over.
There you go. Is it 500?
500 million a day, yeah. For a month for.
For back-to-back. So there was a discrepancy, bro.
The info today must be insane. Insane.
It's probably a good inflow. Yeah, I think there was some the
last two days of last week there was a couple of big GBTC days.
It feels like to me that the inflow actually what we should
really be looking for, what it probably what it maybe means
that the GBTC inflow outflow is low because every day we are
getting those inflows and those inflows are sustained.
But when that net net info number is really high, it's not
usually because I bit did like 2X the day before.
It's usually because GBTC was lower than the day before.
So the last two days of last week GBTC outflows were actually
very high and maybe someone has the GBTC number now knows that
it's low. So that could create and.
I just feel like this is what we've been waiting for forever.
I I it just it this again. I don't know if it means that
Bitcoin's gonna go like I'm not gonna even tell you my numbers
because you'll think it's crazy. Tell us, tell us, tell us.
I I. Think Bitcoin is going to
280,000. Like, I just don't think it's
not gonna happen. Like, I could be wrong, but I
I've been saying that for a little while now.
I just. I mean, you've been around for a
few. Cycles.
Why two? Why 280 and not 300?
Like what? Yeah, exactly.
Good question. What's What's the thesis behind
280? I don't know, 'cause I think
it's again, guys don't remember. I'm an idiot, so don't listen to
anything I say. You're definitely not an idiot,
but OK, I. Think there's psychological
numbers, 20,000. It was just something about
passing 20,000, right? Then we hit like 69,000 and it
was kind of like a meme and kind of I didn't we couldn't break
that 70,000 number. For me like being in the
hundreds doesn't sound if right now, I don't think like right
now the banks are buying and stuff like but the average
person isn't in yet. So I feel like we could very
quickly go into the hundreds and once you're in the hundreds it's
like where are we going. So like once you hit the
300,000, the market cap is what it's like.
That's like a, I want to get my numbers right.
So 300,000, the market cap's like what, 3 1/2, no, 61, who's
better at math? Yeah.
I mean, Ovi's your guy here, not me.
What's the What's the if, if we had, if we had 300,000, what's
the market cap for Bitcoin? 300,000, so that would be what,
5? 5 trillion.
Five. Yeah.
No, no more. No, it's more 6 and.
Something because you got you got 1/3 now it'd.
Be 5X where we are now. Right now we're.
Like 1. Point 6 1/2 so yeah.
I think we can. I think when we, we're getting
closer to parity with gold and I think that's when that'll be our
next like, OK, wait, hold on, is this for real sort of number,
right. It's like a psychological thing.
Oh, Bitcoin can't be the same amount as gold, right?
It's just not possible. So I I say 280 because I think
what'll happen is we'll get that crazy and then we'll have that
conversation like, wait, is Bitcoin replacing gold?
And I think we're too early for that conversation.
So I think that's like next cycle when we go to 450.
I like to take I think, I think, I think crypto goes to like $10
trillion a cycle like crypto in general.
Oh, the whole thing, Yeah. Yeah, because I was looking at
the crypto. I was looking at trading view.
I was looking at the the crypto like total crypto market cap
like including Bitcoin and ETH. Not the total 3 but the total.
And like I was like, dude, like there's I I just don't
understand why. Like like this is it right
outside of all the euphoria talk.
Like I can't believe people are calling for tops here when you
have all this going on. Like if you're a spot like the
rest of this year, I think like maybe I cooled off maybe I don't
know March Madness for memes are talking about this month.
Maybe majors like you're seeing majors and ulcers like not move
right. Like, Solana's like, down,
actually. Yeah.
And then the question is like what happens when like every
single person and their mother is calling up their four O 1K
and saying? I want Bonk.
I I I just want. I just want Bitcoin, right.
Like I just can you put 1% of my net worth in Bitcoin when
they're when and then they have to be ready to do it.
So like that's where things can get really nuts, right?
And then the problem is that what you're well, it's not a
problem it's a blessing and a curse because the blessing is,
is that once it's in I feel like what's in 401K they can't.
It's not they're not trading it back and forth, right.
It's not like us still sit there.
The bad news is that if it goes down they're stuck with it until
that next price point. But I don't know.
It just feels like, like, you know, even with ordinals, right?
Like I keep saying this to Udi and far and a few other people
who are in it. Like Michael Sailor hasn't
bought a ordinal yet. Imagine that day he buys an
ordinal. What happens in the fucking
ordinal market? Like who has?
We haven't even seen that. You see what I'm saying?
We haven't even seen that level of things like we like, we're
not like we're not even there yet.
So the question is how much till we get there.
And if that happens like then we're we could see multiples of
XS. This is just like sort of the
beginning of it all, yeah. What what do you think of the
punks of ordinals, Benny? I know this is a hotly debated
topic, but. So I I bought 1.
So you guys know I bought ordinals a long time ago, right?
So I bought there was this thing called punks on Bitcoin, right?
It was like it was ordinal punks and then Punks on Bitcoin.
The inscriptions were like under 2000 and under 1000.
I bought an alien and zombie like of this small collection,
and then I texted it to Eric Snowfro and I said, yo, look
what I bought. He's like, are you?
He's like what? You just bought that?
And I was like, and then I told him it was an ordinal and then
he told me to go fuck myself. So I feel pretty strongly that
the ordinal punks are pretty, in my opinion, new.
And it's new art, so I have no problem with it.
I think the Punks on Bitcoin also has a lot of new art.
Some of them are the same, but most of them are different.
To me, I look more like, I think that the larger collection,
which is just a copy, I'm not interested in at all.
Like, I just kind of like, you know what?
That's just not innovative. Like, I think what Shrooms did,
Bitcoin Shrooms to me is really where everybody should be going.
It's original. It's different art.
It's early inscription like it has, you know, obviously I'm
biased. I have one but I also bought one
for that reason. So like I think that the punk
sun like the the one where they just ported the whole collection
over. I don't know.
That doesn't doesn't do for me the early inscription ones that
are at least different. Like I I think there's something
there for sure. Again someone like Snow Crow and
I totally agree he'll tell you like you know he he says it the
best he he says do you he he this is how he explains it.
I don't want to mess it up, but he always says to me, do you
want to take a horse to work or do you want to take a cow to
work? And he thinks a cow is Bitcoin.
Yeah, OK. See, he he isn't.
He's a maxi that way. I like that.
Speaking of cows and horses,
Mando, good morning. Hey.
Guys what do you think of this You're you're.
He wasn't there. He wasn't there.
He didn't see. It.
He's been on a podcast. Mando OV bought the alien.
Did you? Yeah, dude.
I can't believe you had asked. Timeline Check the timeline.
Do you not see what's happening? They followed his wallet.
He followed his wallet. He didn't tell us.
He did check the timeline, Wizard of Souls said.
He bought it. And No Chance Band.
Was like, no, you know why? Because I hold his keys, so he's
like, there's no. Way again.
Extension. Like, there's no way he's he's
spent that own alien. No way.
You're supposed to, like, play into it.
Oh really? Yeah, he bought the alien.
He bought the alien though. He bought it.
Look, a lot of stuff is going on this morning.
It's a little over the place. We're talking to aliens so I can
know monkeys. We're talking to market.
We have dog whiff, coin literally on the stage on spaces
since the beginning. And yeah, and what's up, Dog
whiff? Thanks for thanks for hanging
out with us. You're definitely welcome to
hang with us every day. This is wild mando, I guess.
I mean, we're pretty much done in 5 minutes.
But what's your read here? What's your read on today?
Why are some old slagging? And what's happening this week?
I mean, Bitcoin, there's just no supply, right?
And there's just buyers every, single, every single 5 minutes
they'll be buyers of Bitcoin from the ETF.
So I think, I think we're probably going to see another
500 million inflow today. We're probably going to see
another 500 million inflow tomorrow.
Like this is going to keep going.
Bitcoin is sucking sucking a lot of the demand out and you're
starting I think you're starting to still see like maybe a slight
waning in the in the meme coin moves.
I know Pepe just sitting at all time high but I think quite a
few things like I don't know maybe slightly cooling but yeah
I think I just I can't be bearish here but I just don't
even know what is the bearish thing like maybe the government
comes in to sell its Bitcoin where we go down like I don't
know a few thousand and then that's a very bullish
development in my opinion. So I'm yeah, I'm just not
bearish here. I I think this is going to start
to feel more and more hated as a rally as we keep on going higher
because now it feels like everyone's telling you to like
be careful and tradfies. It keeps on putting out saying
it's a bubble. And actually it's not.
It's just supply demand. Like it's not, it's not sitting
here and just pure speculation like there is ETFs buying
billions. It doesn't feel like 2021 to me
in that, you know, it's just like rampant excessive risk
taking and very little to back it up.
This feels like institutional Crowdfires come in and is now
going to be buying Bitcoin. And I wouldn't confuse the two.
Like I think, I think it's one that I mean I said it so many
different times like we're going to start hitting overbought on
pretty much every metric out there and I think you just meant
to hold I. Love that.
What you're saying is it's the song is that we are in a very
big bull market and OSF bought the punk.
Now does someone understand the the the punk alien punk that you
bought OSF and his alien OSF and his alien friend.
He will put it on rec juice. He will put it on his skin.
He will be an alien. Congratulations, OSF.
Congratulations OSF. Damn man.
OV bought an alien punk. I mean literally, from the
streets of DACA to owning an alien punk that is the craziest
come up in crypto. It's really It should be a
movie. I'm not kidding.
This should be a movie. I agree.
He even fought in between, like the whole boxing thing.
Don't forget that. All right, I got to go run and
pretend to be a human now. OK, you have fun.
You have fun doing that.